KUALA LUMPUR, Nov 21 (Bernama) -- A.M. Best has affirmed the financial strength rating of B (Good) and the issuer credit rating of "bbb " of First Net Insurance Company (First Net) (Guam). The outlook for First Net's ratings is stable.
The rating affirmation is a reflection of First Net's solid risk-adjusted capitalization, prudent catastrophe risk management and the improving quality of its insurance book. The ratings also recognize the operating support from its affiliate, Moylan's Insurance Underwriters, Inc. (MIU).
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The rating affirmation is a reflection of First Net's solid risk-adjusted capitalization, prudent catastrophe risk management and the improving quality of its insurance book. The ratings also recognize the operating support from its affiliate, Moylan's Insurance Underwriters, Inc. (MIU).
For the full text, click here.
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